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VanadiumCorp Comments on New US Geological Survey Recognizing Vanadium and Titanium as Critical to a National Economy and National Security and President Trump's Subsequent Executive Order
VanadiumCorp Comments on New US Geological Survey Recognizing Vanadium and Titanium as Cri...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"\n\n\n\nVanadiumCorp Comments on New US Geological Survey Recognizing Vanadium and Titanium as Critical to a National Economy and National Security and President Trump's Subsequent Executive Order\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 22, 2017\n\n\n\nVANCOUVER, Dec. 22, 2017 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: \"VRB\") has commented on the release of the U.S. Geological Survey's report on the critical mineral resources of the United States and President Donald Trump's order to develop a federal critical mineral strategy. \n\n\n \n \n\n \nThe report lists 23 metals and minerals that are critical to \"the national economy and national security of the United States.\" Vanadium and titanium are two of the 23 materials listed, recognized as critical to \"national economy and national security\" and are just a few of the metals and minerals on the list for which the U.S. is import-dependent. The 850-page report is the first comprehensive update on US mineral resource landscape since the 1973 Oil Crisis. \n\nThe report is followed by a Presidential Executive Order to develop a federal strategy to reduce foreign dependence on critical minerals.\n\nVanadiumCorp owns a significant vanadium-titanium-iron bearing resource base in one of the world's most mining-friendly jurisdictions, Quebec, Canada. VanadiumCorp is also exploring licensing and jointly developing innovative, carbon-free process technology that unlocks new strategic supplies of vanadium and various co-products, including titanium.\n\nThe reports states: \n\nRegarding vanadium for energy storage: \"The emerging need for large-scale electricity storage makes vanadium redox-flow batteries (VRBs) a major potential future use of vanadium. Because of their largescale storage capacity, development of VRBs could prompt increases in the use of wind, solar, and other renewable, intermittent power sources. Lithium-vanadium-phosphate batteries produce high voltages and high energy-to-weight ratios, which make them ideal for use in electric cars. Vanadium use in lithium batteries...